Contributor: Mark Volker

Over the past year or two, a lot of digital ink has been devoted to technology wars that are re-shaping our capital markets. The terms latency, low-latency, ultra-low latency; high-frequency trading; algorithmic trading; naked-access have all entered our lexicon. We have gone from measuring execution times in seconds, to milliseconds, to micro-seconds and nano-seconds and now pico-seconds. Indeed, physical law – the speed of light – is now viewed by some as a limiting factor.... read more